Libras impact on bitcoin price | Bitcointalksearch.org

spacehopper

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Quote from: leogamdrid on July 18, 2019, 12:21:30 PM

It seems that not only from Libra news that it has a big impact on bitcoin, it is also possible because of the lack of good news from Donald Trump regarding bitcoin, and also technical analysis factors that have a significant impact on bitcoin decline. Support resistance is one of the causes of market movements other than fundamentals .

Yes .you are correct not only Libra effect on bitcoin.Trump's statements,China deal,North Korea,Iran...All are do the effect on bitcoin.If the USD got strong bitcoin will down below 10K.If these situation continuously happens no body can stop bitcoin hit the prize of 20K.There will be always a market for bitcoin in these situations.Because bitcoin as safest way to sending funds

diahsw

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

The emergence of news received by Libra, to increase the price of bitcoin over the past few months. Although there was speculation that there was concern over the threat of Libra's presence in Bitcoin, many later considered that the prestige of Bitcoin was actually revived by Libra. In other words, steps taken by Facebook have at least helped lift the price of other cryptocurrency higher. But that does not mean Facebook is the main driver.

livingfree

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price.

It's just your feeling but in reality, there's no connection of that hype to bitcoin. Bitcoin is different from Libra and Libra has not yet launched. If the news is about Libra then how it can be related to bitcoin? because they are crypto? many are even saying that Libra isn't a crypto.

Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

Is the slump this week weighted on the bad media comments about Libra?

What if we say that it's about Trump's tweet about bitcoin? much reliable right but it doesn't mean that's the main reason.

killat

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The worst case scenario, Libra will have no effect for Btc, the best case scenario, Libra will help Btc to increase its price as crypto popularity will raise.

Libra will definitely not be a competitor for Btc as it's just a stable coin and its price will not change over time.

gabbie2010

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Libra had been a subject of discussion in the last few days even by the most powerful president in the world however I don't believe those discussions have any huge impact on the price of bitcoin although I might agree that Trump bashing of BTC had some little impact, as it is now the price had regains its upward momentum and started to pump this really shows that despite the harsh criticism its recovery was quick and swift of course investors have more confidence in it compared to a centralized Libra which had been struggling on arrival.

Janation

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I am not that affected by this since we all know that this will not be released. Grin

Why are we sticking all our heads to what might happen to the release of Libra? To be honest, there are a lot of great projects where coins are far more greater than Libra, no hype at all about that. People earned a lot of money through those projects, and I think far more earnings that can Libra do if it will be released but I don't think it will be.

crwth

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In essence on the cryptocurrency subject towards other people, especially the ones who just discovered it and knew nothing about it, it’s going to be a challenge knowing that they wouldn’t be easily believing in it. It’s just the thing, everyone knows what Facebook is, and some of the people have access to them or whatnot. It’s quite easy to use that as the center of information with regards to anything, and it’s also why it’s easy to take advantage of the social media outbursts. Like create a piece of false news with it, it’s easy once you have hit the right subject on the article or something.

Nevertheless, cryptocurrency is quite old news, especially with the last 2017-2018 ATH of Bitcoin. They are now faced with a new type of cryptocurrency aligned with the biggest social media giant. That had an impact for sure, and we will not be sure on for how long. That’s just how much we are involved with the information spreading and how it powerful it has become.

There are a lot of news with regarding Libra and we just have to wait and watch.

Hallmader

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

Bitcoin has a pending bull run even without Libra. Libra, if it has any effect to the price of Bitcoin, it was definitely not negative. Libra pushes the idea of Bitcoin into the minds of people who never ever thought of cryptocurrency as a real money. When Libra started talking about it, the millions and millions of Facebook fanatics all over the world suddenly came into a realization that indeed cryptocurrency is real. And when people start to get themselves more familiar with crypto, Bitcoin is the face they can see first.

silver23

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LIBRA Facebook coin, yeah it have a big effect to cryptocurrency and Bitcoin.
But, just look how master cryptocurrency telling out a negative issue.
I will never buy LIBRA and keep with my Bitcoin.

Chlotide

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Quote from: leogamdrid on July 18, 2019, 12:21:30 PM

It seems that not only from Libra news that it has a big impact on bitcoin, it is also possible because of the lack of good news from Donald Trump regarding bitcoin, and also technical analysis factors that have a significant impact on bitcoin decline. Support resistance is one of the causes of market movements other than fundamentals .

What Libra impact ? Did Revolut impact bitcoin ? Let's look at the charts. Revolut was founded Jul 1^st 2015. What happened to bitcoin at the time ? ...NOTHING !
And let's be honest, when did Trump became this worldwide financial trading guru that we all look up to ? Unless he decides to ban bitcoin usage in US there is nothing he can say to impact btc price IMO.

leogamdrid

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It seems that not only from Libra news that it has a big impact on bitcoin, it is also possible because of the lack of good news from Donald Trump regarding bitcoin, and also technical analysis factors that have a significant impact on bitcoin decline. Support resistance is one of the causes of market movements other than fundamentals .

Naida_BR

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

In my opinion the release of Libra had a positive effect on the price of Bitcoin because Libra has a lot of haters.
There are many people who don't like Facebook and Libra. Because of that they state the one and real cryptocurrency will always be bitcoin and Libra has not any place in the market. This affects bitcoin price positively.

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Quote from: Japinat on July 18, 2019, 06:43:53 AM

Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

We can also consider that, the time Libra was announce, Bitcoin pump and reaches a good price, now that it was criticized, Bitcoin also fall.
However, I don't think Libra will be stop here, they will comply with the requirement of the regulators then they will launch, maybe there are some unexpected delays but I'm sure they will launch successfully in time.

The publication that bitcoin receives because of libra is what hyped up the whole community. we can't deny that fact because people and media are always talking about libra and making people curous about cryptocurrency even so many cryptocurrency website are talking about this as one of reasons as to why bitcoin is on bullish.

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The impact of Libra on the cryprocurrency market as a whole cannot be overly emphasized. Libra although riddled with centralization and regulations is more or less the first step of mainstream cryptocurrency adoption. This means that anything that affects its progress/adoption affects the market as a whole.

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Quote from: Japinat on July 18, 2019, 06:43:53 AM

Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

We can also consider that, the time Libra was announce, Bitcoin pump and reaches a good price, now that it was criticized, Bitcoin also fall.
However, I don't think Libra will be stop here, they will comply with the requirement of the regulators then they will launch, maybe there are some unexpected delays but I'm sure they will launch successfully in time.

If Libra has a big influence on the bitcoin market, then the Libra rating should be bigger than bitcoin and we can say Libra is the new king. But here I don't agree with that, yesterday's fall in bitcoin prices was purely a trump criticism of bitcoin.

Yes, I am sure Libra will indeed comply with all banking regulations and rules in the US like other banks. And the trump cannot say that libra is not a currency, as long as libra complies with all banking policies, libra is worthy of being called a currency, so now we just wait until the libra is launched.

spacehopper

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If Libra comes to the market little down for the bitcoin.Because another the competitor with strong foundation and government support entered to market.Users will choose Libra over bitcoin.But just for little time.Once they realize the truth they will dump Libra and will choose bitcoin.There are more reasons to do that.Here is a one fact.If you want to see all money got ban in single day because of large transactions? If you like to see that you can choose facebook'Libra. If you don't want see that choose king of crypto-currency."BITCOIN"

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

look what was the main subject of the last 3 days:

China Leads the World in Google Searches for Facebook’s Libra

Key Comments From Libra Hearing at US House of Representatives

CNBC: Facebook Has Not Contacted Swiss Regulators On Libra’s Registration

IMF Chief Economist Urges Regulatory Vigilance on Libra

Reasons Why US Government Won’t Ban Libra Cryptocurrency

Facebook’s Marcus: Libra to Satisfy All Regulatory Matters Before Its Launch

Rep. Waters Opens Libra Hearing With Indictment of Facebook's Past Mistakes

US Libra Hearings Day 1: Lawmakers Finding It Hard to Trust Facebook

‘Libra Is so Screwed’ — Should Have Used Bitcoin, Says Samson Mow

Senator Brown on Libra: ‘A Recipe for More Corporate Power Over Markets’

you still have doubts that Libra is the main reason of the big increase and the big fall of price?

kannikaamudee

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For my own opinion bitcoin will remain its dominance against libras, I dont see any reason that libra will affect bitcoin price. Bitcoin will affect libra price instead.

Japinat

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

We can also consider that, the time Libra was announce, Bitcoin pump and reaches a good price, now that it was criticized, Bitcoin also fall.
However, I don't think Libra will be stop here, they will comply with the requirement of the regulators then they will launch, maybe there are some unexpected delays but I'm sure they will launch successfully in time.

electronicash

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its a digital goldrush. if there isn't the coming of halving and libra, the price of btc could be less than $5k still. if i have the money i'd be spending it all to btc as investment. this coin has proven it many times, it would just be pointless to spend it to libra as it would be available for anyone if he has the btc. libra anyway is a stablecoin so there is nothing to worry about it for a traders view.

Shova

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With the restricted access and withdrawal and probably no trading on exchange, Libra possibly may not have any impact on the price of bitcoin. It could be just another bongo token. But it has popularised the word cryptocurrency to the world. The news about Libra are making a topic even in local news outlets in my country. It was even asked in a quiz contest on a national level TV show. So, its making cryptocurrencies popular.

lucho1592

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

This definitely affected the price of bitcoin, unfortunately, but soon everything will stabilize

Nalbo

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

The current price boost in Bitcoin is said to be associated with the comments made by congressmen in the Libra hearing in the Financial committee of the house of representative. They seem to have realized there's no going back from bitcoin. And as of Libra, being an stable coin from a large enterprise, it would certainly impact positively on the price of bitcoin.

bitgoldpanther1978

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

Are you kidding me? don't make me laugh, how can Libra have a big impact if it is not launching yet. Then if ever, Bitcoin got dumped it is because not Libra, this was happened several times, so stop spreading FUD that libra is the reason why Bitcoin went down its price value. In fact, Libra has no impact into bitcoin.

CBANX3

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I don't think so that the Libra has impacted on Bitcoin price, however, if we think on that perspective it seems that Libra was a bubble which has raised at the time of BTC price hike, otherwise, BTC price upsurge is predicted before the Libra launch.

Red-Apple

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Libra on its own has no effects on bitcoin price and will never have any in the long term.
the only thing that Facebook has caused is a lot of drama in this world and whenever there is some drama going on the day traders tend to go extra crazy which is why we are seeing the current extra volatility in bitcoin price.
but this small effect like the other small ones that we have will also wear off soon.

muslol67

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

How big an impact can it has? It is a project that has just been announced. And exactly how to work is an unknown project Libra.

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Quote from: btc78 on July 18, 2019, 02:46:40 AM

Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

Is this really a BS?theres a lot of new created account to advertise this libra coin?i guess this is too much advertising when there are some troubles they must make answer first

The Us president has been not in favor of their release so for the mean time let’s stop the flooding of libra coin

I don't think it's BS at all, considering that Libra has actually the potential to become the next big thing. I don't also see this as an advertisment strategy at any point. Why would these new accounts waste their time creating new accounts just to talk about Libra? I don't get the point.

Remember the time when Friendster is still the top social medium in the internet, then here comes the Facebook making a surge to the top.

That's also the reason why I think the US government is putting pressure on Facebook's Libra. Taking into account the success of Facebook as the world's most popular social medium, there's a huge possibility that Libra will be the next big thing in the world of cryptocurrency.

Anyways, going back to the OP, I really think that the issue about Libra has something to do with the bitcoin price. Bitcoin and altcoins has this chain reaction. f you're a great observer, you will notice that mind conditioning plays a huge part on the decision making of the crypto holders/owners, thus affecting the market as a whole.

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

Bitcoin price moves on major news, but this Libra is not related to bitcoin because its altcoin so I don’t see any relationship between this two aside from being cryptocurrency and the adoption of big companies. We talked so much about Libra, this is also another way to hype that coin. The price pump and dump of bitcoin is normal, we used to see that already so don’t bother to know why.

JNvak

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For sure Libra will popularize cryptocurrencies, even though it won't be a cryptocurency itself. I believe it will have a strong impact on BTC price.

bitcampaign

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Yes, I once thought that way, but unfortunately it doesn't really support the actual facts, we all know that halving will happen in 2020, so everyone wants to spend money to buy bitcoin this year

Moshaid

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So many awareness on libra coin coming up on this community and I feel it's another plot to gain more attention for them. The past few days drop of bitcoin price wasn't because of the so called libra coin but a drop in price which happens in the space and to include the US and other majority bodies including I won't support the libra coin because of it blockchain system and the CEO behind it. I stand with the decentralised fact of bitcoin.

K21000

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I don't think libra has/will have too much of a impact on bitcoins price. One is a centralised company coin the other is the worlds first decentralised cryptocurrency, they are two completely different things.

paolo099

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the only good thing (for Zuc) about Libra is the amount of customers he already have, Facebook and WA have shitloads of users and many of them will buy/use Libra coin.
Other than that, to me it's like a new cartel created to get more money and information from the users.

djadmika

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If finally libra is realized, I don't think it will have a big effect on the price movements of bitcoin. There may have been hundreds of types of cryptocurrency that appeared and sank but still bitcoin became the first. What distinguishes Libra from other cryptocurrency is only a strong network that has been formed through Facebook and WhatsApp, especially with a stable coin platform that may not attract too many people.

Leonardo7

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Well, Libra has not been created, and some experts have condemned their business model already. This Libra will have to incorporate KYC with libra users which is a bad design and against the decentralized system and the government don't even trust them with keeping privacy.

vladimirhf

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Quote from: Wind_FURY on July 18, 2019, 03:23:42 AM

OP, no don't be stupid. How can something that will never be launched be an impact, in any way, on Bitcoin?

Bitcoin is a self-bootstrapped, decentralized, permissionless, cryptocurrency-based, financial network made from thin air. Libra is literally thin air.

being the world's most adopted digital currency maybe.

they scared the government for sure, cause they could compete with commercial banks, central banks and become the "bridge" between crypto and mass adoption.

don't tribalize the things, try to think clearly. calm down...

Wind_FURY

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OP, no don't be stupid. How can something that will never be launched be an impact, in any way, on Bitcoin?

Bitcoin is a self-bootstrapped, decentralized, permissionless, cryptocurrency-based, financial network made from thin air. Libra is literally thin air.

Mpamaegbu

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

The Facebook Libra is a testament that Bitcoin has actually come to stay and not a bubble or a tulip kind of stuff. This increased demand for Bitcoin, thus part of the bull run we have noticed. However, on the dip I believe it has to do with the negative bashing of Bitcoin by the US president, Donald Trump. Regrettably, my guess is that Trump is bush talking Bitcoin to FUD so he can buy the dip.

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Quote from: Paulinerims on July 18, 2019, 01:46:13 AM

I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

Is this really a BS?theres a lot of new created account to advertise this libra coin?i guess this is too much advertising when there are some troubles they must make answer first

The Us president has been not in favor of their release so for the mean time let’s stop the flooding of libra coin

Paulinerims

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I got a feeling that all that hype from Libra impacted on the gains of bitcoin price. Is the slump this week weighted on the bad media comments about Libra?

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